Seems a bit like SynthEdit, but probably a little more stupid-friendly!
“SynthMaker is an audio programming tool that allows anyone to create their own sounds, virtual instruments and effects without having to write any code. These instruments and effects can then be used for playing live via MIDI or as VST plugins for use in making music using any of the popular recording software.”
Methinks as soon as the Gold-rush is over, I’ll get stuck in!!!